Hanover BancorpHNVR
HNVR
About: Hanover Bancorp Inc is a United States-based banking company. It offers a full range of financial services and employs a complete suite of consumer and commercial banking products and services, including multi-family and commercial mortgages, residential loans, business loans, and lines of credit.
Employees: 176
0
Funds holding %
of 6,815 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
13% more capital invested
Capital invested by funds: $17.7M [Q2] → $20M (+$2.36M) [Q3]
0.94% more ownership
Funds ownership: 14.75% [Q2] → 15.69% (+0.94%) [Q3]
14% less funds holding
Funds holding: 21 [Q2] → 18 (-3) [Q3]
33% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 6
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$22
1%
downside
Avg. target
$22
1%
downside
High target
$22
1%
downside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Piper Sandler Mark Fitzgibbon 50% 1-year accuracy 8 / 16 met price target | 1%downside $22 | Overweight Maintained | 24 Oct 2024 |
Financial journalist opinion
Positive
Zacks Investment Research
1 month ago
Best Momentum Stocks to Buy for December 6th
PFIS and HNVR made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on December 6, 2024.
Positive
Zacks Investment Research
2 months ago
What Makes Hanover Bancorp (HNVR) a Good Fit for 'Trend Investing'
Hanover Bancorp (HNVR) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.
Positive
Zacks Investment Research
2 months ago
Hanover Bancorp, Inc. (HNVR) Q3 Earnings and Revenues Beat Estimates
Hanover Bancorp, Inc. (HNVR) came out with quarterly earnings of $0.50 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.38 per share a year ago.
Neutral
GlobeNewsWire
2 months ago
Hanover Bancorp, Inc. Reports Third Quarter 2024 Results and Declares $0.10 Quarterly Cash Dividend
Third Quarter Performance Highlights Net Income: Net income for the quarter ended September 30, 2024 totaled $3.5 million or $0.48 per diluted share (including Series A preferred shares). Adjusted (non-GAAP) net income (excluding severance and retirement expenses) was $3.7 million or $0.50 per diluted share for the quarter ended September 30, 2024.
Neutral
GlobeNewsWire
3 months ago
Hanover Bank Hosts Celebration to Thank Community
MINEOLA, N.Y., Sept. 20, 2024 (GLOBE NEWSWIRE) -- Michael P.
Neutral
GlobeNewsWire
5 months ago
Hanover Bancorp Announces Small Business Recovery Grants to Local Non-Profit Organizations
MINEOLA, N.Y., Aug. 02, 2024 (GLOBE NEWSWIRE) -- Michael P. Puorro, Chairman and Chief Executive Officer of Hanover Bancorp, Inc. the bank holding company for Hanover Community Bank, today announced grants to seventeen local not-for-profit organizations as a part of the Federal Home Loan Bank of New York's (FHLBNY) Small Business Recovery Grant Program.
Negative
Zacks Investment Research
5 months ago
Hanover Bancorp, Inc. (HNVR) Q2 Earnings Lag Estimates
Hanover Bancorp, Inc. (HNVR) came out with quarterly earnings of $0.11 per share, missing the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.42 per share a year ago.
Neutral
GlobeNewsWire
5 months ago
Hanover Bancorp, Inc. Reports Earnings for the Second Quarter and Declares $0.10 Quarterly Cash Dividend
Second Quarter Performance Highlights Net Income: Net income for the quarter ended June 30, 2024 totaled $0.8 million (after giving effect to an allowance for credit loss (“ACL”) on an individually evaluated loan of $2.5 million and a $1.1 million provision resulting from ongoing enhancements to the current expected credit loss (“CECL”) model) or $0.11 per diluted share (including Series A preferred shares), versus $4.1 million or $0.55 per diluted share (including Series A preferred shares) in the prior linked quarter and $3.1 million or $0.42 per diluted share (including Series A preferred shares) in the comparable 2023 quarter. Net Interest Income: Net interest income was $13.2 million for the quarter ended June 30, 2024, an increase of $0.3 million, or 2.4% from the prior linked quarter and a decrease of $0.3 million, or 1.9% from the June 30, 2023 quarter.
Positive
Zacks Investment Research
8 months ago
Hanover Bancorp, Inc. (HNVR) Surpasses Q1 Earnings and Revenue Estimates
Hanover Bancorp, Inc. (HNVR) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.48 per share a year ago.
Neutral
GlobeNewsWire
8 months ago
Hanover Bancorp, Inc. Reports Earnings for the First Quarter with Increased Net Income and Net Interest Income and Strong Non-interest Income
First Quarter Performance Highlights Net Income: Net income for the quarter ended March 31, 2024 totaled $4.1 million or $0.55 per diluted share (including Series A preferred shares), versus $3.8 million or $0.51 per diluted share (including Series A preferred shares) in the prior linked quarter and $3.2 million or $0.43 per diluted share (including Series A preferred shares) in the comparable 2023 quarter. Our first quarter results reflect linked quarter and year over year increases in diluted earnings per share (“EPS”) of 7.8% and 27.9%, respectively.
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